MGMT 1040 Lecture Notes - Lecture 3: Stakeholder Management, Non-Governmental Organization, Social Capital

• School: York University
• Department: Management
• Course: MGMT 1040
• Professor: Hila Cohen

Document Summary

Non-governmental organization- an organization that is neither a part of a government nor a conventional for-profit business. Stakeholder management capability- refer to power vs interest table. Power- the ability to do something or act in a particular way, especially as a faculty or quality. Resource dependence- reliance of a firm on external inputs such as capital, energy, labor, and materials. Withholding strategies- an approach where the stakeholder discontinues providing a resource to an organization with the intention of changing a certain behavior. Usage strategies- an approach in which the stakeholder continues to supply a resource but specifies how it will be used. Influence pathway- occurs where withholding and usage strategies could be performed by an ally of the stakeholder with whom the organization has a resource dependence. Social capital- a(cid:374)y aspect of a corporatio(cid:374) s orga(cid:374)izatio(cid:374)al arra(cid:374)ge(cid:373)e(cid:374)ts that creates value a(cid:374)d facilitates the actions of stakeholders within and external to the corporation.